form8k102814


 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 28, 2014



CREE, INC.
(Exact name of registrant as specified in its charter)


North Carolina
0-21154
56-1572719
(State or other jurisdiction of
incorporation)
(Commission File
Number)
(I.R.S. Employer
Identification Number)

4600 Silicon Drive
 
Durham, North Carolina
27703
(Address of principal executive offices)
(Zip Code)


(919) 407-5300
Registrant’s telephone number, including area code

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e)    On October 28, 2014, the shareholders of Cree, Inc. (the “Company”) approved an amendment to the Company’s 2013 Long-Term Incentive Compensation Plan (the “Plan”).  The Plan was amended to increase the number of shares that may be issued under the Plan by 2,000,000 shares.
 
The terms of the Plan are set forth under the caption “Proposal No. 2—Approval of Amendment to 2013 Long-Term Incentive Compensation Plan” in the Company’s definitive proxy statement for the Company’s 2014 annual meeting filed with the Securities and Exchange Commission on September 9, 2014.  Such description is incorporated herein by reference and is qualified in its entirety by reference to the Plan, filed as Exhibit 10.1 to this report on Form 8-K.

Item 5.07
Submission of Matters to a Vote of Security Holders

The Company held its Annual Meeting of Shareholders on October 28, 2014. The shareholders considered four proposals, each of which is described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on September 9, 2014.

Proposal No. 1: Election of nine nominees to serve as directors. The votes were cast as follows:
 
 
 
 
 
Name
  
Votes For
  
Votes Withheld
 
 
 
 
 
Charles M. Swoboda
  
81,111,503
  
3,430,496
Clyde R. Hosein
  
81,124,228
  
3,417,771
Robert A. Ingram
  
80,938,642
  
3,603,357
Franco Plastina
 
81,098,724
 
3,443,275
John B. Replogle
 
83,313,162
 
1,228,837
Alan J. Ruud
 
81,381,165
 
3,160,834
Robert L. Tillman
 
77,267,942
 
7,274,057
Thomas H. Werner
 
76,443,401
 
8,098,598
Anne C. Whitaker
 
79,455,619
 
5,086,380
 
Broker Non-Votes: 24,042,471

All nominees were elected.


Proposal No. 2: Approval of an amendment to the 2013 Long-Term Incentive Compensation Plan to increase the number of shares authorized for issuance under the plan.  The votes were cast as follows:
 
 
 
 
 
 
 
 
  
Votes For
  
Votes Against
  
Abstained
Approval of 2013 Long-Term Incentive Compensation Plan amendment
  
54,684,767
 
29,355,000
 
502,232

Broker Non-Votes: 24,042,471

Proposal No. 2 was approved.





Proposal No. 3: Ratification of the appointment of PricewaterhouseCoopers LLP as independent auditors for the fiscal year ending June 28, 2015. The votes were cast as follows:
 
  
Votes For
  
Votes Against
  
Abstained
 
 
 
 
 
 
 
Ratification of PricewaterhouseCoopers LLP appointment
  
106,637,840
 
1,620,966
 
325,664

Proposal No. 3 was approved.


Proposal No. 4: Advisory (nonbinding) vote to approve executive compensation. The votes were cast as follows:
 
  
Votes For
  
Votes Against
  
Abstained
Advisory (nonbinding) vote to approve executive compensation
  
77,406,356
 
6,772,710
 
362,933

Broker Non-Votes: 24,042,471

Proposal No. 4 was approved.


Item 9.01
Financial Statements and Exhibits
    
(d)    Exhibits

Exhibit No.
 
Description of Exhibit
 
 
 
10.1
 
2013 Long-Term Incentive Compensation Plan, as amended












SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
CREE, INC.
 
 
 
 
 
 
 
 
 
By:
 
/s/ Michael E. McDevitt
 
 
 
Michael E. McDevitt
 
 
 
Executive Vice President and Chief Financial Officer


Date: October 28, 2014






EXHIBIT INDEX


Exhibit No.
 
Description of Exhibit
 
 
 
10.1
 
2013 Long-Term Incentive Compensation Plan, as amended